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ExoBox Technologies enters into $2 million equity agreement
By Sheri Kasprzak
New York, March 29 - ExoBox Technologies Inc. entered into a two-year equity agreement with Manillo Investors, Ltd. for $2 million.
Under the terms of the offering, Manillo may buy shares of series E convertible preferred stock from time to time over the two years.
The preferreds are convertible into 2.5% of the company's common shares.
The full terms of the deal were unavailable Thursday.
Based in Houston, ExoBox is a network security development and licensing company.
The company's stock fell 2 cents Thursday to close at $0.31 (Pink Sheets: EXBX).
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